Goodwill and Purchased Intangibles Assets

12 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangibles Assets

Goodwill and Purchased Intangibles Assets

The changes in the carrying amount of goodwill for the twelve months ended March 31, 2022 consisted of the following (in thousands):

Goodwill as of March 31, 2021	$	144,253
Goodwill acquired	19,424
Goodwill as of March 31, 2022	$	163,677

Purchased intangible assets subject to amortization as of March 31, 2022 consisted of the following (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	27,500	$	(11,864)	$	15,636

Purchased intangible assets subject to amortization as of March 31, 2021 consisted of the following (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	20,116	$	(7,130)	$	12,986

Amortization expense of purchased intangible assets for the fiscal years ended March 31, 2022, 2021, and 2020 was $7.6 million, $5.5 million, and $1.7 million, respectively, and is included in cost of revenue on the Company’s consolidated statements of operations.

Estimated future amortization expense as of March 31, 2022 is as follows (in thousands):

Fiscal Years Ending March 31,	Estimated Future Amortization Expense
2023	$	9,000
2024	4,633
2025	2,003
	$	15,636